Good MorningThe major indices jumped more than 1.0% as investors looked to the midterm elections and the changes they may bring. By the end of the day today, certainly by the opening of trading on Wednesday, the market will know if Republicans have taken control of Capital Hill or if the Democrats and the Biden Agenda have won out. Either way, the news will move markets on Wednesday and could impact the market's direction well into 2023.
The biggest risk this week is, however, the CPI reading which is due out on Thursday. The consumer level inflation is expected to remain hot on all levels but may show some slowing in the YOY comparisons if not enough to alter the Fed's stance on interest rates. The question that needs to be answered, however, is if the FOMC will hike by another 75 bps in December or if this data will give them the room to start slowing the pace of interest rate increases. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Markets | | |
Twilio, Inc. (NYSE: TWLO) stock slipped 25.1% in premarket action, last week, after posting sales numbers that were weaker than expected. All of this despite the fact the cloud-based communications software firm also posted revenue is up 33% over the last 12 months, to $983 million beating analyst... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
Now they're saying the same thing, but Jeff has uncovered Tesla's next breakthrough. | | Click here to see why Tesla's about to prove everyone wrong... again. |
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Politics | | | Asian stocks were mixed Tuesday ahead of the U.S. midterm elections, with trading likely to stay bumpy in a week that brings new inflation data and other events that could shake markets.
Germany's DAX added 0.1% to 15,543.08, while the CAC40 in Paris slipped 0.4% to 6,390.14. In Lond... Read the Full Story |
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Politics | | | China is displaying its latest generation fighter jets and civilian aircraft this week as it looks to carve a larger role for itself in the global arms trade and compete with Boeing and Airbus.
China is currently the world’s fourth-largest arms exporter and an expanding domestic indu... Read the Full Story |
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Markets | | |
If you are wondering why Mullen Automotive’s share prices are in the tank after rising meteorically in October it is because of the short interest. The shorts were taken by surprise when the stock jumped from $0.20 to $0.60 but they were not sent packing. No, they do not believe in this stoc... Read the Full Story |
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Tech | | | Just back from the U.N. climate summit in Egypt, French President Emmanuel Macron is to meet Tuesday with the heads of the country’s most climate-damaging industries to pressure them to reduce greenhouse gas emissions, amid growing competition from the U.S. and China.
The meeting at t... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Politics | | | The widows of four Nigerian activists executed in 1995 have withdrawn their appeal in a Dutch civil case in which they alleged that oil giant Shell was complicit in the men’s deaths, ending a yearslong legal battle for compensation and an apology Read the Full Story |
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Markets | | | Long-hauled carrier Emirates is buying five Boeing 777 freighters in a deal valued at more than $1.7 billion, further expanding its cargo flight capacity, the two companies announced Tuesday.
Emirates previously announced a $1 billion investment to its cargo flights, including buying... Read the Full Story |
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Markets | | |
Last summer, Skechers U.S.A., Inc. (NYSE: SKX) was reopening stores, launching new products and expanding overseas. Growth investors loved the results and the stock ran above $50.
It’s been a steady downhill jog ever since for the sneaker retailer.
Skechers recently posted another disappoi... Read the Full Story |
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Stocks | | |
Sometimes the hunted become the hunters.
Back in 2018, traditional automakers like Ford, Chevrolet, and Toyota made more money than anyone selling electric vehicles in the United States. Then Tesla burst onto the scene.
With Tesla all-in on EVs and the old guys making a mix of gas guzzlers and E... Read the Full Story |
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Markets | | |
Apparel manufacturer V.F. Corporation (NYSE: VFC) may as well stand for Very Fragile Corporation.
Its stock is down more than 60% thus far in 2022 and trading at an 11-year low. Industry peers like Under Armour and HanesBrands have had similarly rough years but they at least performed well ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally. The company provides its systems for use by people with diabetes, as well as for use by healthcare providers. Its products include Dexcom G6 and Dexcom G7, integrated CGM systems for diabetes management; Dexcom Share, a remote monitoring system; Dexcom Real-Time API, which enables authorized third-party software developers to integrate real-time CGM data into their digital health apps and devices; and Dexcom ONE, that is designed to replace finger stick blood glucose testing for diabetes treatment decisions. It has also submitted FDA review for Dexcom Stelo for people with type 2 diabetes. The company has a collaboration and license agreement with Verily Life Sciences LLC and Verily Ireland Limited to develop blood-based or interstitial glucose monitoring products. It markets its products directly to endocrinologists, physicians, and diabetes educators. The company was incorporated in 1999 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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